INDIANAPOLIS, Ind. – Less than 12 hours before he was set to be introduced as the team’s next head coach, New England Patriots offensive coordinator Josh McDaniels has changed his mind and will not take over as Indianapolis Colts.

McDaniels informed the team he will not be accepting its head coaching position after agreeing to a deal.

“After agreeing to contract terms to become the Indianapolis Colts’ new head coach, New England Patriots assistant coach Josh McDaniels this evening informed us that he would not be joining our team,” the Colts said in a statement. “Although we are surprised and disappointed, we will resume our head coaching search immediately and find the right fit to lead our team and organization on and off the field.”

The Colts announced early Tuesday they had agreed with McDaniels to succeed Chuck Pagano, and a formal press conference was scheduled for Wednesday. The scheduled press conference at Lucas Oil Stadium will not take place.

ESPN’s Adam Schefter reports Patriots owner Robert Kraft approached McDaniels over the past 48 hours and “sweetened’’ his contract to keep him from relocating to Indianapolis. He will remain Bill Belichick’s offensive coordinator for seventh consecutive season.

The Colts, meanwhile, are in scramble mode.

In the past 48 hours, Patriots owner Robert Kraft began talking with Josh McDaniels and ultimately wound up sweetening his contract, helping to entice him to remain in New England, per sources. Bill Belichick has his OC back.